Compliance Officer and Mlro - London, United Kingdom - Marqeta

Marqeta

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Marqeta is on a mission to change the way money moves.

Our open API card issuing platform provides unprecedented flexibility and control for industry-leading companies such as Block, Doordash, Instacart, and Uber, to issue debit, credit & pre-paid cards, authorize transactions, and manage payment operations in real time.

Founded in 2010, Marqeta IPO'd in 2021 and has grown into a team of over 800 Marqetans in the US, UK, and Canada.

As Marqeta's Compliance Officer and Money Laundering Reporting Officer (MLRO) in the UK, you will report to Marqeta's Chief Compliance Officer and be the first hire in Europe to build and lead our UK and EU compliance team.

You have a passion for developing and implementing strong compliance programs.

This is a highly cross-functional and strategic role that requires strong partnerships with our Go to Market, Product Management, and Legal teams as well as our bank partners to conceive and execute a strategy that ensures compliance while supporting innovation.

You will serve as the MLRO in the UK but will also be responsible for building a team to perform compliance activities globally.

We work Flexible First. This role can be performed remotely anywhere within the UK or from our London office. We'd love for you to join us

What You'll Do:

Serve as the Money Laundering Reporting Officer (MLRO) in the UK, ensuring effective implementation of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) policies and standards.
Develop and maintain a robust compliance framework that aligns with regulatory requirements and industry best practices across the UK and EU, including establishing and maintaining risksensitive policies and procedures and controls to enable Marqeta to identify, manage, monitor and report any financial crime risks to which it may be exposed.
Ensure that Marqeta has in place effective systems and controls to identify, assess, monitor and manage money laundering risk and sanctions risk and exposure, associated with Marqeta's customers and business activities in the UK and EU.
Respond to changes in relevant laws, regulations, and identify impacts across the enterprise. Adjust policy as necessary, and coordinate with relevant stakeholders to provide training and guidance on implementation.
Provide strategic advice to the business teams on product and geographic expansion initiatives in the UK and EU, while mitigating risk.
Provide support and guidance to the business lines on AML/CFT compliance policy, regulatory interpretation, and implementation.
Continuously improve standard compliance policies and processes to help scale the compliance function.
Collaborate with crossfunctional teams across all lines of defense, including the Business Operations, Legal, Risk Operations, and Internal Audit teams, to ensure a cohesive and integrated approach to compliance.
Work in partnership with other members of the Risk & Compliance and Legal teams.
Develop and deliver compliance training, including AML/CFT training, to enhance awareness and understanding of compliance obligations.
Partner with Marqeta's other Compliance Officers and personnel to build a global compliance program.
Establish and maintain effective relationships with external regulatory bodies, industry associations, and other relevant stakeholders.

What We're Looking For:

Ideally 10+ years of relevant experience, preferably within a regulated payment firm (e.g.

E-Money Issuer), in:
AML/CFT Compliance and Regulatory Management.

Previous experience as an MLRO or Deputy MLRO or demonstrable experience in a similar role.
Knowledge of current and emerging UK and EU payment systems regulation (e.g. PSD2 and 2EMD) and supervision within the UK/EU and ability to operationalize into a robust compliance programme.
Experience of communicating and interacting with external regulatory bodies in the UK and/or the EU.
Attention to detail and the ability to prioritize and deliver in a fast paced and dynamic environment with a high degree of personal accountability, quality, accuracy, integrity and trust;
Analytical and problem solving experience with a strong focus on quality assurance of output.

Recruiter For This Role: